• Trump’s transition team is considering creating the first-ever White House crypto role
• This potential new position would be responsible for digital asset policy
• Trump has been discussing the idea with cryptocurrency executives and is vetting possible candidates for the role
President-elect Donald Trump and his team are reportedly considering the creation of the first-ever White House crypto role, according to a recent Bloomberg report.
Trump Assembles Pro-Crypto Cabinet
On the heels of his historic victory in the 2024 presidential elections, Trump is discussing the potential White House crypto role with industry executives.
Trump has amassed a collection of cabinet members that seemingly favor the cryptocurrency industry. Yesterday, Trump nominated Cantor Fitzgerald CEO Howard Lutnick as Commerce Secretary. The pro-Bitcoin executive could be a key player in the development of the country’s digital asset policy.
Details on Potential New Crypto Role
According to Bloomberg, the White House crypto role would have the sole responsibility for digital asset policy.
Trump and his team are currently vetting possible candidates for the position. If created, this would reinforce Trump’s commitment to the cryptocurrency industry and could prove monumental for its growth.
Market Reacts Positively
The election outcome drove elation throughout the crypto market. Bitcoin has reached consecutive all-time highs, catapulting above the $94,000 level Wednesday.
Those increases are expected to continue, with the token likely to surpass $100,000 before Trump’s inauguration.
Conclusion
The potential creation of a White House crypto role underscores Trump’s crypto-friendly stance. With a cabinet of pro-Bitcoin executives, the industry looks poised for growth under Trump’s second term. The market has already reacted positively to his victory.
